Robert Stallings Bought 3.0% More Shares In Texas Capital Bancshares
Potential Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shareholders may wish to note that the Independent Chairman, Robert Stallings, recently bought US$436k worth of stock, paying US$54.54 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.0%.
See our latest analysis for Texas Capital Bancshares
Texas Capital Bancshares Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Chairman Robert Stallings was not their only acquisition of Texas Capital Bancshares shares this year. They previously made an even bigger purchase of US$1.2m worth of shares at a price of US$50.85 per share. That means that an insider was happy to buy shares at around the current price of US$53.88. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Texas Capital Bancshares share holders is that insiders were buying at near the current price.
Texas Capital Bancshares insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Texas Capital Bancshares insiders own 1.1% of the company, worth about US$27m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Texas Capital Bancshares Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Texas Capital Bancshares we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Texas Capital Bancshares you should be aware of.
Of course Texas Capital Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
